Blanker, Inc., has paid a regular quarterly cash dividend of $0.50 per share for several years. The

Question:

Blanker, Inc., has paid a regular quarterly cash of $0.50 per share for several years. The is publicly traded. On February 21 of the current year, Blanker’s board of directors declared the regular first-quarter of $0.50 per share payable on March 30 to stockholders of record on March 15.

Required:
As a result of this action, state what you would expect to happen to the market price of the of Blanker, Inc., on each of the following dates.
Explain your answers.
a. February 21.
b. March 13.
c. March 15.
d. March 30.

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...